Sapience Investments LLC Cuts Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Sapience Investments LLC decreased its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 40.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,865 shares of the company's stock after selling 29,539 shares during the period. Sapience Investments LLC owned about 0.11% of Skyward Specialty Insurance Group worth $2,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SKWD. Summit Investment Advisors Inc. raised its stake in shares of Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after acquiring an additional 247 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Skyward Specialty Insurance Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock valued at $1,068,000 after purchasing an additional 748 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the last quarter. Riverwater Partners LLC boosted its position in Skyward Specialty Insurance Group by 2.5% during the fourth quarter. Riverwater Partners LLC now owns 35,013 shares of the company's stock valued at $1,770,000 after buying an additional 862 shares during the period. Finally, Cetera Investment Advisers boosted its position in Skyward Specialty Insurance Group by 12.5% during the fourth quarter. Cetera Investment Advisers now owns 9,075 shares of the company's stock valued at $459,000 after buying an additional 1,006 shares during the period. Institutional investors own 94.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SKWD. Truist Financial upped their price target on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Citigroup restated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. JMP Securities upped their price target on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.13.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, Chairman Kirby Hill sold 8,249 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the completion of the transaction, the chairman now directly owns 8,249 shares in the company, valued at $502,116.63. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gena L. Ashe sold 1,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the transaction, the director now directly owns 734 shares of the company's stock, valued at $37,155.08. The trade was a 57.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,381 shares of company stock worth $1,122,592. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Down 0.7%

Shares of NASDAQ SKWD traded down $0.42 during midday trading on Tuesday, hitting $63.18. The stock had a trading volume of 481,553 shares, compared to its average volume of 375,218. The business's 50 day moving average is $54.18 and its 200-day moving average is $50.84. The company has a market cap of $2.55 billion, a P/E ratio of 19.26, a PEG ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $63.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $328.53 million for the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.